List of top Economics Questions asked in CBSE Class Twelve Board Exam

Explain how, Goods and Services Tax (GST) has simplified the multiplicity of taxes on goods and services.
Define Absorptive capacity.
Explain the reasons behind less number of regular salaried employees in rural areas as compared to urban areas.
"Bio-pesticides help to reduce the ill-impacts of green revolution on soil and water bodies while promoting sustainable development." Justify the given statement with valid explanation.
Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Prior to economic reforms, public investment in social infrastructure by China resulted in better Human Development Indicators (HDI).
Reason (R): China is ahead of India and Pakistan on many Human Development Indicators (HDI).
Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Human capital formation increases the rate of participation of population to economic activities and leads to economic growth.
Reason (R): Rate of participation of people refers to the percentage of people engaged in production process of a country.
Import Substitution
_______ refers to a trade policy aimed at reducing reliance on imported goods by encouraging domestic production.
From the following terms given in Column-I, match the correct pair of meaning given in Column-II:
Column-I Column-II
(a) Human Development Indicator(ii) Constitutional Protection
(b) Demographic Indicator(i) Rule of Law
(c) Special Economic Zone(iii) Generation of additional economic activities
(d) Commune System(iv) Collective industrialisation
India is NOT a member of which of the following regional/global economic grouping?
Study the following image carefully and identify the trade practice that has successfully replaced foreign goods with domestic production.
Import Substitution
"Cooperatives have received a setback during the recent past." Justify the given statement with valid explanation.
____ sector was the primary focus of the Great Leap Forward in China. (Fill up the blank with correct option)
Environmental crisis
Identify and select the recent phenomenon in which demand for resources surpasses their supply.
From the terms given below in Column-I and Column-II, choose the correct pair of statements:
Column-I Column-II
(i) Subsidies(b) Element of IPR 1956
(ii) Land ceiling(c) Land to the tiller
(iii) Small Scale Industries(d) Change in social outlook
(iv) Modernisation as a goal of five year plan(a) Maximum quantity of goods that can be imported
Environmental crisis
Identify which of the following is NOT one of the strategies for Sustainable Development.
Statement 1: Hired workers may be regular salaried workers or casual workers.
Statement 2: Regular salaried employment is a major source of employment in rural areas in India.
In the light of the given statements, choose the correct option from the following:
“It is short-term unemployment occurring, as people transit between jobs.” On the basis of given definition, identify the type of unemployment indicated.
In an economy; \( C = 200 + 0.75Y \) (where \( C \) is consumption expenditure and \( Y \) is National Income). Investment expenditure is ₹ 4,000 crore. Calculate the following:
(i) Equilibrium level of income.
(ii) Total consumption expenditure at equilibrium income level.
Explain the adjustment mechanism in case ex-ante savings are greater than ex-ante investments.
"Under the Ayushmaan Bharat Scheme, the government provides free medical treatment to the poorer section of the society.
"Identify and explain the nature of budget expenditure and its objective in the Ayushmaan Bharat Scheme statement.
If a country exports goods worth ₹ 600 crores and imports goods worth ₹ 450 crores, the value of Balance of Trade of the country would be ____ of ₹ ____ crores. (Choose the correct option)
Suppose in an economy, primary deposits are ₹ 500, if the Reserve Ratio is 25\%. Estimate the total deposits created and the total lending by the banking system.
Calculate the value of Net Value Added at Factor Cost (NVA\textsubscript{FC}):
S. No.Particulars Amount (in ₹ crore)
(i)Operating Surplus3,740
(ii)Increase in unsold stock600
(iii)Sales10,625
(iv)Purchase of raw materials2,625
(v)Consumption of fixed capital500
(vi)Subsidies400
(vii)Indirect taxes1,200
Distinguish between Net Factor Income from Abroad (NFIA) and Net Exports (X -- M).
Read the following statements: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Public goods are those goods that are collectively consumed by the public.
Reason (R): Public goods are excludable and rivalrous in nature.